Security News

May 27, 2018

Tencent chairman pledges to advance China chip industry after ZTE ‘wake-up’ call: reports

This post was originally published on this siteHONG KONG (Reuters) – Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on U.S. firms supplying telecommunications company was a “wake-up” call, local media reported.
May 26, 2018

Why Is Your Location Data No Longer Private?

This post was originally published on this siteThe past month has seen one blockbuster revelation after another about how our mobile phone and broadband providers have been leaking highly sensitive customer information, including real-time location data and customer account details. In the wake of these consumer privacy debacles, many are left wondering who’s responsible for policing these industries? How exactly did we get to this point? What prospects are there for changes to address this national privacy crisis at the legislative and regulatory levels? These are some of the questions we’ll explore in this article. In 2015, the Federal Communications Commission […]
May 25, 2018

Customers angry after National Australia Bank hit by technology outage

This post was originally published on this siteMELBOURNE (Reuters) – National Australia Bank on Saturday suffered what it described as a “nationwide outage” to some of its technology systems, leaving customers unable to access banking services or withdraw money.
May 25, 2018

Tesla seeks to dismiss securities fraud lawsuit: U.S. court document

This post was originally published on this siteSAN FRANCISCO (Reuters) – Tesla Inc on Friday asked a court to dismiss a securities fraud lawsuit by shareholders who said the electric vehicle maker gave false public statements about the progress of producing its new Model 3 sedan.
May 25, 2018

U.S. reaches deal to keep China’s ZTE in business: congressional aide

This post was originally published on this siteWASHINGTON (Reuters) – The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.
May 25, 2018

Tesla agrees to settle class action over Autopilot billed as ‘safer’

This post was originally published on this siteNEW YORK (Reuters) – Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.”
May 25, 2018

Apple sees steep increase in U.S. national security requests

This post was originally published on this site(Reuters) – Apple Inc on Friday issued its twice yearly transparency report on government data requests, showing another sharp increase in U.S. national security-related requests.
May 25, 2018

T-Mobile says ex-Trump campaign manager advising on Sprint merger

This post was originally published on this siteWASHINGTON (Reuters) – T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump’s election team such as former campaign manager Corey Lewandowski.
May 25, 2018

U.S. reaches deal to keep Chinese telecom ZTE in business: congressional aide

This post was originally published on this siteWASHINGTON (Reuters) – The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.
May 25, 2018

Exclusive: Tesla flies in new battery production line for Gigafactory

This post was originally published on this siteFRANKFURT/SAN FRANCISCO (Reuters) – Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.
May 25, 2018

Exclusive: Total’s Saft plans over 200 million euros investment in next generation battery

This post was originally published on this sitePARIS (Reuters) – French battery maker Saft, a unit of oil and gas major Total said on Friday it plans to invest over 200 million euros ($233 million) in a next generation European battery alliance project.
May 25, 2018

U.S. reached deal to keep Chinese telecom ZTE in business: Congressional aide

This post was originally published on this siteWASHINGTON (Reuters) – The Trump administration told lawmakers that the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior Congressional aide said on Friday.
May 25, 2018

Tesla settles class action lawsuit over ‘dangerous’ Autopilot system

This post was originally published on this siteNEW YORK (Reuters) – Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.”
May 25, 2018

Merkel calls for Germany and China to regear relations for digital era

This post was originally published on this siteSHENZHEN (Reuters) – Berlin and Beijing must revamp their relationship to adapt to digital changes, said Angela Merkel, who has made the issue a top priority of her fourth term as German Chancellor.
May 25, 2018

EU privacy law enters into force, activist takes aim

This post was originally published on this siteBRUSSELS (Reuters) – New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data.
May 25, 2018

Kenya moves to regulate fintech-fuelled lending craze

This post was originally published on this siteNAIROBI (Reuters) – Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account.
May 25, 2018

South Africa investigates $80 million bitcoin scam

This post was originally published on this siteJOHANNESBURG (Reuters) – South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialized, police said on Friday.
May 25, 2018

China to use cornerstones to help Alibaba, Xiaomi list in mainland: sources

This post was originally published on this siteHONG KONG/BEIJING (Reuters) – China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomi [IPO-XMGP.HK] to sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said.
May 25, 2018

Austrian data privacy activist takes aim at ‘forced consent’

This post was originally published on this siteVIENNA/LONDON (Reuters) – As Europe’s new privacy law took effect on Friday, one activist wasted no time in asserting the additional rights it gives people over the data that companies want to collect about them.
May 25, 2018

Tencent’s WeChat drops ‘sugar daddy’ dating website

This post was originally published on this siteBEIJING (Reuters) – China’s top social media app WeChat has removed “sugar daddy” dating website SeekingArrangement from its platform, after a recent surge in the popularity of the U.S.-founded service attracted scrutiny from state media.
May 25, 2018

EU privacy law heralds new era in online data protection

This post was originally published on this siteBRUSSELS (Reuters) – New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights.
May 24, 2018

Apple blocks Steam’s plan to extend its video games to iPhones

This post was originally published on this site(Reuters) – Apple Inc has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones, according to the game distributor, a sign that Apple is serious about protecting its ability to take a cut of digital purchases made inside games on its mobile devices.
May 24, 2018

Oregon family finds Amazon’s Alexa has a mind of her own

This post was originally published on this site(Reuters) – A Portland, Oregon, family has learned what happens when Amazon.com Inc’s popular voice assistant Alexa is lost in translation.
May 24, 2018

Google tries to ease tensions on eve of new EU privacy law

This post was originally published on this siteSAN FRANCISCO (Reuters) – Alphabet Inc’s Google sought to ease online publisher concerns on Thursday about the effects European data privacy rules going into effect in just a few hours will have on their ad business.
May 24, 2018

U.S. jury awards Apple $539 million in Samsung patent retrial

This post was originally published on this site(Reuters) – After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages.